2026 Property Assessments are out

2026 property assessments have now been delivered. Although many homes show slight decreases in value from last year, that doesn’t necessarily mean your property tax bill will fall — in fact, you may still face higher taxes.

In BC, your tax bill equals your assessed value multiplied by a municipal tax rate. Municipalities set that rate to fund their budgets, which have generally risen across the province. Even when a city reports a “flat” municipal budget, overall tax rates can increase once regional and other levies are added.

Assessments aren’t final — you have until 02/02/2026 to file an appeal. Typical reasons to appeal include incorrect property type or a valuation that’s out of line with similar homes. Assessors use broad, automated valuation methods that work across many properties but can overlook home-specific problems such as deferred maintenance or highest and best use.

It’s important to check your assessment every year, especially after market shifts. Winning an appeal may lower your taxes for the current year and subsequent years.

If you haven’t received your assessment, scan the QR code to view it. If you’d like a current market valuation or help deciding whether to appeal, contact me to arrange a consultation.

Appeal deadline: 02/02/2026.